Pacific Life · 16 hours ago
AVP, Chief Risk Officer Workforce Benefits
Newport Beach, CA
Full-time
Hybrid
Senior Level, Lead/Staff
$230K/yr - $268K/yr
10+ years expPacific Life is actively seeking a talented AVP – Chief Risk Officer for their Workforce Benefits Division. This role involves supporting the execution of strategies to grow the division and mitigate key risks across various initiatives.
FinanceFinancial ServicesInsurance
Responsibilities
Support the execution of the Workforce Benefits Division strategy to grow and scale a $1B revenue, profitable business in the Group Benefits market
Work collaboratively with partners on a variety of new business and in force initiatives to identify, assess and mitigate key risks, including:
New product development
Rate development
Renewal strategies
Execution of Technology and Operations roadmaps
Partner with Finance & Actuarial, Risk Management and WBD to tailor pricing and other risk policies and standards as needed for Group Benefits
Oversee the implementation of underwriting and pricing methodologies, support assumption oversight and model risk governance activities within the Division
Supervise operational risk management activities within the Division and coordinate 2nd lines of defense activities within the Division where needed (e.g., Risk, Compliance, CISO)
Promote a risk-aware culture and drive consistent and effective management practices
Develop and maintain division-level risk governance and reporting
Remain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholders
Contribute to the development of enterprise-wide risk policies and standards and promote their adoption throughout the Division
Qualification
Required
10+ years of relevant Actuarial/Risk Management experience within the Workforce/Group Benefits industry
Strong understanding of how insurance, operational, and strategic risks manifest in group benefits products
Strong analytical capabilities with ability to apply analytical/critical thinking background to new situations
Self-starter who can be trusted to take ownership of their work product
Understanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricing
Strategic, creative, and broadly focused thinker with demonstrated ability to be persuasive and collaborative
Preferred
Relevant credentials, including FSA or CFA, are a plus
Consistent track record of effectively working with data to manage risk and process re-engineering, simplification, and streamlining
Comfortable in ambiguity and an advocate for change
Demonstrated ability to anticipate future consequences and trends accurately
Benefits
Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave as well as an Adoption Assistance Program
Competitive 401k savings plan with company match and an additional contribution regardless of participation
Company
Pacific Life
Pacific Life Insurance is an insurance company that provides life insurance products, annuities, and mutual funds.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$1.44B2025-09-03Debt Financing· $750M
2025-06-18Debt Financing· $688.57M
Leadership Team
Howard Hirakawa
Senior Vice President and Fund Advisor Operations
Joe Krum
Senior Vice President & Managing Director, Global Institutional Investment Group
Recent News
Private Capital Journal
2025-12-05
2025-11-22
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